dbackjon wrote:You too are so funny. Bush had 8 years of cheating to Google.
...I said "tax cheat" or "cheated on taxes". How is it that Townhall and Newbuster's articles on Geithner were picked up, but none by the "pack-o'-liars" over at DNC-Mouthpiece Central?
dbackjon wrote:And on the tax issue, there is no proof that Geithner knew he was cheating. As soon as it was brought to his attention (pre nomination), he paid the taxes.
The "illegal" issue is one that is just surfacing, and is being widely reported, just like the tax issue.
Ummm...
...has anyone even thought to consider a more sublime issue...that of "Total Earnings" and FICA subject wage during those years. "Tax" posters, listen up...
The FICA subject wage during the period Geithner worked for IMF was
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2001.....80,400
2002.....84,900
2003.....87,000
2004.....87,900
2005.....90,000
2006.....94,200
...in question is that Geithner's FICA subject taxable earnings, before factoring in the IMF wages, were apparently low enough that the IMF wage was subject to FICA contribution...
Got it?
So, Geithner's non-IMF taxable wage for those years fell below the earnings limit...

????????
In 2001, he was Undersecretary to the Sec. of Treasury, in 2002, seved as a Sr. Fellow at the council on foreign relations, in late 2003, he was named President of the Federal Reserve Bank, until 2006 when he was appointed to an advisory board on the IMF related, Rockefeller Foundation initiated, "Group of Thirty".
Yet, during those times, his non-IMF subject FICA taxable wage did not exceed $80,000-$100,000?????
Ohhh...kayyy...
Jon...you're a bean counter...did I miss something?
Aren't foreign earnings treated in effect similar to "third party payment" FICA contributions?
I'm sure there are plenty of exceptions to the limits, yet, I'm not aware of any for U.S. resident, non-alien, non-qualified plan subject wages.
For the dumby donks who are ready to click "Post Reply" so they can respond, "Who cares"...this goes to ethics and integrity, not due to a failure to pay the self employment tax, but because a person with Geithner's credentials shoud be earning $300k to $2m per year, easy...!!!!! Which means he's either sheltering his earnings, or has a portfolio set up to wipe out his total subject wage tax base every year...
...either way, the guy's paying a lower tax rate than 'Joe the Plumber, and probably less than you or I.